Problem of free riding

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The problem of free riding is a concept from economics and public goods theory that arises when individuals or entities benefit from a public good or shared resource without contributing their fair share to its provision or maintenance. It highlights the tension between self-interest and the collective interest and can have significant implications for the sustainability of public goods and the efficiency of resource allocation. Here are the key points about the problem of free riding:

1. Public Goods: Public goods are non-excludable and non-rivalrous, meaning that individuals cannot be excluded from using them, and one person's use does not diminish their availability for others. Examples include clean air, national defense, and public parks.

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Degree : MASTER DEGREE PROGRAMMES
Course Name : Master of Arts in Economics
Course Code : MEC
Subject Name : Public Economics
Subject Code : MEC 6
Year : 2023 2024